DML Denison Mines Inc

Denison Mines Corp. ("Denison" or the "Company") (TSX:DML)(NYSE MKT:DNN) is
pleased to announce that it has signed an option agreement with Strateco
Resources Inc. ("Strateco"), whereby Denison has granted Strateco the option to
earn up to a 60% interest in Denison's Jasper Lake property in the eastern
Athabasca Basin of Saskatchewan. 


Jasper Lake

Jasper Lake consists of 18 mineral claims totalling 45,271 hectares along the
eastern margin of the Athabasca Basin and is an amalgamation of four Denison
properties formerly known as Jasper Lake, Minor Bay, Ahenakew Lake and North
Wedge. The center of the property is located approximately 40 kilometres east of
the Cigar Lake mine, and much of the property is easily accessible from Highway
905. 


Agreement Terms

According to its agreement with Denison, Strateco may earn an initial 49%
interest in the property by incurring exploration expenditures of CAD$4,000,000
and paying CAD$1,000,000 to Denison by December 31, 2016. Subsequently, Strateco
may earn an additional 11% interest in the property by incurring additional
exploration expenditures of CAD$8,000,000 and paying an additional CAD$2,000,000
to Denison by December 31, 2019. Strateco will be the operator while earning in.


Ron Hochstein, President and CEO of Denison, commented: "We're very pleased to
be partnering with Strateco on exploration at the Jasper Lake property. With
Strateco's solid track record of uranium exploration and development success and
strong management and technical teams, Denison expects this partnership to
advance Jasper Lake's potential for the benefit of both companies". 


About Denison

Denison is a uranium exploration and development company with interests in
exploration and development projects in Canada, Zambia, Namibia, and Mongolia.
Including the high grade Phoenix deposits, located on its 60% owned Wheeler
project, Denison's exploration project portfolio includes 45 projects and totals
approximately 597,000 hectares in the Eastern Athabasca Basin region of
Saskatchewan. Denison's interests in Saskatchewan also include a 22.5% ownership
interest in the McClean Lake joint venture, which includes several uranium
deposits and the McClean Lake uranium mill, one of the world's largest uranium
processing facilities, plus a 25.17% interest in the Midwest deposit and a 60%
interest in the J-Zone deposit on the Waterbury property. Both the Midwest and
J-Zone deposits are located within 20 kilometres of the McClean Lake mill.
Internationally, Denison owns 100% of the conventional heap leach Mutanga
project in Zambia, an approximate 77% interest in the Dome project in Namibia,
and an 85% interest in the in-situ recovery projects held by the Gurvan Saihan
joint venture ("GSJV") in Mongolia. In addition, Denison owns 89% of Rockgate
Capital Corp. which is the sole owner of the conventional uranium/copper/silver
Falea project in Mali.


Denison is engaged in mine decommissioning and environmental services through
its DES division and is the manager of UPC, a publicly traded company which
invests in uranium oxide and uranium hexafluoride.


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 

Certain information contained in this press release constitutes "forward-looking
information", within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and similar Canadian legislation concerning the
business, operations and financial performance and condition of Denison.


Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur", "be achieved" or "has the
potential to".


Forward looking statements are based on the opinions and estimates of management
as of the date such statements are made, and they are subject to known and
unknown risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Denison to be
materially different from those expressed or implied by such forward-looking
statements. Denison believes that the expectations reflected in this
forward-looking information are reasonable but no assurance can be given that
these expectations will prove to be correct and such forward-looking information
included in this press release should not be unduly relied upon. This
information speaks only as of the date of this press release. In particular,
this press release may contain forward-looking information pertaining to the
following: the likelihood of completing and benefits to be derived from
corporate transactions; the estimates of Denison's mineral reserves and mineral
resources; expectations regarding the toll milling of Cigar Lake ores; capital
expenditure programs, estimated exploration and development expenditures and
reclamation costs; expectations of market prices and costs; supply and demand
for uranium ("U3O8"); possible impacts of litigation and regulatory actions on
Denison; exploration, development and expansion plans and objectives;
expectations regarding adding to its mineral reserves and resources through
acquisitions and exploration; and receipt of regulatory approvals, permits and
licenses under governmental regulatory regimes.


There can be no assurance that such statements will prove to be accurate, as
Denison's actual results and future events could differ materially from those
anticipated in this forward-looking information as a result of the factors
discussed in or referred to under the heading "Risk Factors" in Denison's Annual
Information Form dated March 13, 2013 available at http://www.sedar.com, and in
its Form 40-F available at http://www.sec.gov/edgar.shtml.


Accordingly, readers should not place undue reliance on forward-looking
statements. These factors are not, and should not be construed as being,
exhaustive. Statements relating to "mineral reserves" or "mineral resources" are
deemed to be forward-looking information, as they involve the implied
assessment, based on certain estimates and assumptions that the mineral reserves
and mineral resources described can be profitably produced in the future. The
forward-looking information contained in this press release is expressly
qualified by this cautionary statement. Denison does not undertake any
obligation to publicly update or revise any forward-looking information after
the date of this press release to conform such information to actual results or
to changes in Denison's expectations except as otherwise required by applicable
legislation.


Cautionary Note to United States Investors Concerning Estimates of Measured,
Indicated and Inferred Mineral Resources: This press release may use the terms
"measured", "indicated" and "inferred" mineral resources. United States
investors are advised that while such terms are recognized and required by
Canadian regulations, the United States Securities and Exchange Commission does
not recognize them. "Inferred mineral resources" have a great amount of
uncertainty as to their existence, and as to their economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of inferred mineral resources may not form the basis of feasibility or
other economic studies. United States investors are cautioned not to assume that
all or any part of measured or indicated mineral resources will ever be
converted into mineral reserves. United States investors are also cautioned not
to assume that all or any part of an inferred mineral resource exists, or is
economically or legally mineable.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Denison Mines Corp.
Ron Hochstein
President and Chief Executive Officer
(416) 979-1991 ext 232
(416) 979-5893 (FAX)


Denison Mines Corp.
Sophia Shane
Investor Relations
(604) 689-7842
www.denisonmines.com

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